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THQ Reports $55.9M Loss, Delays Metro: Last Light
Filed under: THQ, METRO LAST LIGHT

Publisher THQ officially confirmed a net loss of $55.9 million for Q3 ended December 31, 2011. At the same time, the company announced that Saints Row: The Third shipped 3.6 million units during the quarter. According to the publisher, the title was "the largest owned-IP launch in THQ's history."

4A Games' horror themed shooter Metro: Last Light won't be released this year, but rather in 2013, THQ uncovered today. This means that the game will be released along side Tomonobu Itagaki's "Devil's Third" (developed by Valhalla Studios).

In addition to those two titles, THQ laid out its release schedule for the next year and beyond, a list heavily populated with unknown and unnamed games.

THQ says it has "two unannounced core titles for release in fiscal 2013," meaning they'll be released by March 31, 2013.

After that, THQ's line-up gets even more mysterious. Coming sometime in the publisher's fiscal 2014, which runs April 1, 2013 to March 31, 2014 are:

An unnamed original title from Turtle Rock Studio, the folks who helped make Left 4 Dead and Counter-Strike: Condition Zero. Dark Millennium Online, the Warhammer 40,000 MMO from Vigil and Relic — a game previously rumored to have been canceled. inSANE, the horror game Volition is making with director Giullermo del Toro. Homefront 2, the shooter being made by Crytek UK, the Timesplitters dev formerly known as Free Radical Design. The unnamed original title from THQ Montreal and ex-Assassin's Creed producer Patrice Desilet.

And on top of all that(!), THQ has "four unannounced core titles for release in fiscal 2014 and beyond." They're busy.

The recognized publisher has been struggling through financial woes for quite some time, with reports of massive layoffs. Nasdaq also issued a delisting warning notice, promting THQ to regain compliance with 'the Rule' and... Wow, that 'Rule' thing of theirs sounds pretty damn serious.

Source.




9 post(s)
Reader Comments
micahpharoh [mail] Feb 03 2012, 08:42 am EST
their solution will be to make tons of generic fps because it will sell better than everything else
finaleve [mail] Feb 03 2012, 08:48 am EST
If they really wanna do something, Metro 2033 Last Light better be good. I played through it and, although I liked the concept of the game, felt like it came up short. Probably should read the books though and get a better idea of what happens.

That said, one of the things that went wrong with THQ was their stupid uDraw game that never sold well. Who thought that was a great idea anyways?
PainZero [mail] Feb 03 2012, 10:51 am EST
Wow, I didn't know that $55 can have such a huge impact :)
Cheddar [mail] Feb 03 2012, 11:05 am EST
As far as publishers go, THQ is one of the good ones, in that they are generous with their studios and give them a very long leash. In addition, they don't have any history of draconian DRM measures, and they are far less fixated on sequels -- they routinely support the creation of new IPs under their wing.

Make no mistake, it's a loss for every consumer when a publisher like them struggles and others like Activision prosper.
Doomsday. [mail] Feb 03 2012, 11:49 am EST
$55 Loss! OMG!! ROFL!!!!!!!!!!

Fix it man, come on!!
tei187 [mail] Feb 03 2012, 12:26 pm EST
hahaha... i didn't know the economy is that shitty so they have to report a $55 loss :P

"dudes, where's mah fkn wallet?"
Terminator [mail] Feb 03 2012, 01:36 pm EST
Ouch, they lost $55 million? I sure hope EA or Activison doesn't buy THQ.
LostPcGamer [mail] Feb 03 2012, 02:28 pm EST
Poor management. Two words and that's the reason why there in trouble. Don't sugar coat it. I'm sure they will file bankruptcy reform there company and layoff more people. Business as usual.
Vader [STAFF] [mail] Feb 03 2012, 03:49 pm EST
Oh! Right.

I'm as blind as a bat sometimes.
  LostPcGamer: What you are. Gasp I didn't know, .......... Its just bus...
Terminator: If this economy doesn't improve soon, I'm afraid my company ...
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